Construction industry

Goldman Sachs, Regions help raise $55M for construction-lending fintech


Built Technologies will use the money to invest in research and development while it builds out its client base.


Fintechs try wooing banks back to construction lending


Software startups say bringing borrowers, builders and lenders onto one digital platform can remove some of the risks lenders faced during the crisis.


Construction lending is about to get hammered by trade war


Rising tariffs are rapidly increasing the cost of building materials, putting banks at risk.


Is self-storage boom too much of a good thing for lenders?


The explosion in construction of self-storage facilities is being backed by banks hungry for commercial loans. Some market participants fear a glut is in the making and the credits could sour.


SunTrust to take its senior housing business national


The Atlanta bank has financed construction and other activities tied to nursing homes and related facilities mainly in its East Coast markets. It says the timing is good to tap into demand elsewhere in the country.


As construction lending rebounds, tech investment follows


To attract new customers, banks are getting rid of the paper-based payments process between builders and subcontractors.


Banks seek level playing field for CRE construction lending


A bill that would ease Basel III capital requirements on commercial real estate loans could level the playing field between depository and nonbank lenders and spur more construction lending if it passes in the Senate.


These lending sectors could thrive in hurricane-recovery zones


Banks could be busy supplying credit to manufacturers, hotels, multifamily developers and other businesses that will be helping residents get their lives back on track after two fierce storms.


Big-bank construction loans said to grow with other asset classes


New data shows that large commercial banks are increasing their originations of single-family construction loans, but these loans still represent a small percentage of their total assets.